The US Senate moved closer to ending the ongoing government shutdown after voting 60–40 in favor of an initial approval of a funding bill that includes an extension of enhanced Affordable Care Act subsidies. The progress signals growing bipartisan support to reopen the federal government after weeks of fiscal gridlock.
The amended proposal must still pass the House of Representatives before being sent to President Donald Trump for his signature, a process that could take several days, according to Reuters. If approved, the bill would mark a significant step toward restoring normal government operations and easing market concerns over prolonged fiscal uncertainty.
Market reaction
The US Dollar Index (DXY) gained modestly following the news, rising 0.05% on the day to 99.64 at the time of writing, as investors responded to signs of improving US political stability and reduced shutdown-related risks.
